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> I'd argue that we aren't It's been a hot-button issue since it was created. If it's characterized as a system run by a bunch of bankers with greedy fingers
by nverno 5y ago
> I'd argue that we aren't
It's been a hot-button issue since it was created. If it's characterized as a system run by a bunch of bankers with greedy fingers on the tap, it sounds terrible- if it's a system to stabilize the economy, or any number of its other arguably beneficial purposes, it mightn't sound so bad.
All of this things can be true, but without deep knowledge of the system (does anyone really understand all of the interactions?), it's hard to weigh the tradeoffs and so easy to jump to conclusions. I appreciate the desire for the relative simplicity of things like the gold standard.
Just reading this article has made me reconsider my opinions on the matter (I was pretty certain QE was a primary mover driver of wealth centralization going in). My intuition tells me there is a lot of misleading correlation here, given how interlinked all these systems are.